World Markets

Singapore Fund's Loss Pegged at $33 Billion

March 26, 2009

A sovereign-wealth fund in Singapore, GIC, lost $33 billion in 2008. Citi and UBS holdings were hard hit. Source:Singapore Fund's Loss Pegged at $33 Billion

Europe Stocks Extend Declines

European shares ended lower, with energy producers pacing the declines on the fall in oil prices. London’s FTSE fell 0.7%. Source:Europe Stocks Extend Declines

MUFG Moves to Bolster Capital Base

Mitsubishi UFJ Financial’s main banking unit will nearly double its planned retail bond issuance to $3.79 billion. Source:MUFG Moves to Bolster Capital Base

U.K. Inflation Edges Lower

U.K. consumer price inflation eased slightly in January, as a record drop in fuel and lubricant prices was offset by higher core prices. Source:U.K. Inflation ...

ING Swings to Loss on Write-Downs

ING swung to a loss on hefty write-downs and volatile markets and said it will review its portfolio of businesses over the coming months. Source:ING ...

Commerzbank Swings to a Loss

Commerzbank swung to a fourth-quarter net loss, as the German bank posted a total of around $1.26 billion in write-downs for the full year. Source:Commerzbank ...

Taiwan, in Recession, Cuts Rates

Taiwan’s central bank cut interest rates to record lows after the economy entered a recession. Source:Taiwan, in Recession, Cuts Rates

Ruble Hits Record Low Against Dollar

The ruble hit a historic low against the dollar and weakened generally early as Russia’s economic outlook took a hit. Source:Ruble Hits Record Low Against ...

China Looks to Aid Foreign Investment

China’s government is looking at ways to use its huge foreign-exchange reserves to help companies make investments abroad. Source:China Looks to Aid Foreign Investment

SocGen Warns of Tough 2009

Socieacute;teacute; Geacute;neacute;rale warned that the economic environment would remain challenging throughout the year, as the French bank confirmed it made a modest fourth-quarter net profit. ...

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